Countrywide Financial

Page: 1 2

Market Just Barely Good Enough To Sell Sex-Party House After All

Footnoted | Michelle Leder | Posted 07.18.2008 | Business

Read More: Sex Party, Holmes Beach, Housing Market, Sex Party House, Countrywide Financial, Housing Prices, 5601 Flotilla, Housing Crisis, Holmes Beach Sex House, Business News

On Tuesday, Countrywide's sex party house sold at auction for $475K, a substantial haircut from the $1.1 million Countrywide was in for. Keep in mind ...

Read Whole Story

Vilified: What You Don't Know About My Brother, Angelo Mozilo

Lori Mozilo | Posted 07.17.2008 | Business

Read More: Henry Waxman, Angelo Mozilo, Countrywide, Economy, Countrywide Financial, Angelo Mozilo Sister, Business News

When the mortgage crisis broke, there was as flurry of innuendos and allegations about Angelo and Countrywide. However, reporters are merely recycling misinformation they've gotten from each other.

Read Post

Even Sex-Party Houses Aren't Selling In This Market

Footnoted | Michelle Leder | Posted 07.14.2008 | Business

Read More: Holmes Beach, Housing Crisis, Florida Sex Party House, Holmes Beach Sex House, Countrywide Financial, Mortgage Crisis, Business News

Footnoted regulars know that I've been chronicling the fate of Countrywide's sex party house in Holmes Beach, Fl and using it as a metaphor to explain...

Read Whole Story

Housing Prices May Still Go Lower

Washington Independent | Charles R. Morris | Posted 07.07.2008 | Business

Read More: Bank of America, Subprime Loans, Housing Crisis, Countrywide Financial, Mortgage Crisis, Business News

Financial markets have finally internalized the brutal fact that house prices still have a long way to fall. The full-year price drop in 2007 was 8.5 ...

Read Whole Story

It's Time to Reregulate Business, Part III

Hale "Bonddad" Stewart | Posted 06.26.2008 | Business

Read More: Economy, Subprime Mortgages, Subprime Mortage Crisis, Countrywide Financial, Business News

I don't see anything inherently wrong in the pursuit of profit. However, I do see something wrong with what has happened underneath the surface of the economy over the last 7-10 years.

Read Post

Illinois To Sue Countrywide Over "Unfair And Deceptive" Mortgages

AP | CARYN ROUSSEAU | Posted 06.25.2008 | Business

Read More: Subprime Mortgage Crisis, Mortgage Crisis, Illinois, Chicago, Countrywide Lawsuit, Countrywide Financial, Business News

CHICAGO — The nation's biggest mortgage lender engaged in "unfair and deceptive" practices to get homeowners to apply for risky mortgages far be...

Read Whole Story

Obama's Shortlist Just Got Shorter

Carol Felsenthal | Posted 06.20.2008 | Politics

Read More: Chris Dodd, David Boren and His Son Dan, Presidential Medal of Freedom, Donna Shalala, Countrywide Financial, Richard Holbrooke, Barack Obama Vice President, Vice President, Obama Vice President, Politics News

Chris Dodd, Donna Shalala, Richard Holbrooke, David Boren can be scratched from Obama's short list (and perhaps even his long list) for vice president and for cabinet or other high-level positions

Read Post

Inside Ed McMahon's Money Mess

Michael Lewittes | Posted 06.05.2008 | Entertainment

Read More: Mortgage Crisis, Ed McMahon, Ed McMahon Beverly Hills Home, Ed McMahon Foreclosure, Countrywide Financial, Entertainment News

"Being Ed McMahon was an expensive proposition." A lot of cash "went to tips," noted Fisher, who recalled walking through hotels with McMahon as he would hand out money to anyone who helped him.

Read Post

Countrywide CEO Mozilo Calls Borrower's Plea For Help "Disgusting"

LA Times | Posted 05.21.2008 | Business

Read More: Daniel Bailey Jr, Angelo Mozilo, Country CEO Email, Countrywide, Countrywide Financial, Business News

Apparently clicking "reply" when he meant to hit "forward," Countrywide Financial Corp. Chairman Angelo Mozilo ignited an online furor Tuesday by desc...

Read Whole Story

Judge: Countrywide Officers To Face Suit By Shareholders

AP | ALEX VEIGA | Posted 05.15.2008 | Business

Read More: Countrywide, Countrywide Financial, Countrywide Lawsuit, Business News

LOS ANGELES — A federal judge has ruled that a shareholder lawsuit against Countrywide Financial Corp. executives and directors should go to tri...

Read Whole Story

Countrywide Admits To Making Errors

AP | CHRISTOPHER S. RUGABER | Posted 05.07.2008 | Business

Read More: Countrywide, Steve Bailey, Countrywide Financial, Business News

WASHINGTON — Mortgage lender Countrywide Financial Corp., which is under investigation for inflating certain borrowers' fees, acknowledged Tuesd...

Read Whole Story

Countrywide Loses $893 Million In First Quarter

AP | ALEX VEIGA | Posted 04.29.2008 | Business

Read More: Countrywide Financial, Business News

LOS ANGELES — Countrywide Financial Corp. said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housi...

Read Whole Story

Countrywide CEO Earned $132 Million In 2007

AP | Posted 04.25.2008 | Business

Read More: Countrywide, Angelo Mozilo, Angelo Mozilo Pay, Countrywide Financial, Business News

CALABASAS, Calif. — A securities filing shows Countrywide Financial Corp. CEO Angelo Mozilo earned about $10.8 million in total compensation and...

Read Whole Story

Countrywide Reportedly Under FBI Investigation

CNN | Posted 03.08.2008 | Business

Read More: Countrywide Financial Lending, FBI and Countrywide, Angelo Mozilo, Countrywide, Countrywide Investigation, Countrywide Financial, Business News

The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp., according to a report in The Wal...

Read Whole Story

CEOs Defend Their High Pay on Hill

AP | JIM ABRAMS | Posted 03.07.2008 | Business

Read More: Citigroup, Merrill Lynch, Subprime Mortgage Crisis, Committee on Oversight and Government Reform, Stanley O'Neal, Stan O'Neal, Charles Prince, Chuck Prince, Angelo Mozilo, Countrywide Financial, Bank of America, Writedowns, Mortgages Lenders, Henry Waxman, Business News

WASHINGTON — Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollar...

Read Whole Story

Countrywide to Aid More Borrowers

AP | ALEX VEIGA | Posted 02.11.2008 | Business

Read More: Countrywide, Countrywide Financial, Subprime Loans, Subprime Mortgages, Subprime Mortgage Crisis, Business News

LOS ANGELES — Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrower...

Read Whole Story

Countrywide Posts $422 Million Loss

AP | ALEX VEIGA | Posted 01.29.2008 | Business

Read More: Countrywide, Countrywide Financial, Quarterly Earnings, Quarterly Losses, Business News

LOS ANGELES — The $422 million loss Countrywide Financial Corp. reported Tuesday didn't appear to scare off Bank of America. "At this point, ev...

Read Whole Story

When Will "Rescue Me" Become a New National Anthem?

Danny Schechter | Posted 01.14.2008 | Business

Read More: Bank of America, 2008 Recession, Bank of America Countrywide, Economic Recession, Countrywide Financial, Business News

A self-interested maneuver by America's biggest consumer bank is being cast in a heroic light, as the "rescue" of America's biggest mortgage company.

Read Post

Bank of America To Buy Countrywide For $4B In Stock

AP | IEVA M. AUGSTUMS | Posted 01.11.2008 | Business

Read More: Bank of America, Mortgage Lenders, Bank of America Countrywide, Countrywide Sale, Countrywide Financial, Subprime Mortgages, Subprime Mortgage Crisis, Business News

Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock, a deal that both rescues the country's largest m...

Read Whole Story

Bank Of America In Talks To Buy Countrywide

Reuters | John Poirier and Jonathan Stempel | Posted 01.10.2008 | Business

Read More: Countrywide Financial Lending, Bank of America, Countrywide, Countrywide Financial, Business News

Bank of America Corp (BAC.N: Quote, Profile, Research) is in advanced talks to buy struggling Countrywide Financial Corp (CFC.N: Quote, Profile, Rese...

Read Whole Story

Stocks Rise On Potential Countrywide Buy

AP | Madlen Read | Posted 01.10.2008 | Business

Read More: Bank of America, Dow Jones, Countrywide, Wall Street, Countrywide Sale, Countrywide Financial, Business News

A volatile Wall Street advanced Thursday for the second day in a row, as investors found renewed confidence in a report that Bank of America Corp. is ...

Read Whole Story

Housing: The Latest Bad News

BusinessWeek | Ben Steverman | Posted 01.09.2008 | Business

Read More: Housing Correction, Jeffrey Mezger, Subprime Mortgages, Countrywide Financial, Business News

In case you were still harboring a tiny bit of optimism about the U.S. housing sector, just take a look at a couple of headlines from Jan. 8. KB Home ...

Read Whole Story

Housing Woes, AT&T News Sink Stocks

AP | Madlen Read | Posted 01.08.2008 | Business

Read More: AT&T, Dow Jones, Wall Street, Stock Market, Countrywide Financial, Business News

Wall Street skidded lower in another erratic session Tuesday as investors worried that the tumbling economy may not only cripple mortgage lenders like...

Read Whole Story

Countrywide Denies Bankruptcy Rumors

AP | Alex Veiga | Posted 01.08.2008 | Business

Read More: Mortgage Lender, New York Stock Exchange, Countrywide Financial, Business News

Shares of Countrywide Financial Corp., the nation's largest mortgage lender, partially recovered from a midday plunge Tuesday after the company denied...

Read Whole Story

More Than 86,000 Mortgage Jobs Were Eliminated in 2007

AP | Posted 01.07.2008 | Business

Read More: Weak Real Estate Market, Mortgage Jobs, JPMorgan Chase, MortgageDaily.Com, Countrywide Financial, Business News

More than 86,000 mortgage jobs were cut in 2007 because of the weakening real estate market, according to a new report released Monday by MortgageDail...

Read Whole Story

Page: 1 2